The Insurance Authority has launched a proposal to amend an article in the Executive Regulations of the Cooperative Insurance Companies Control System.
The Insurance & Pensions Commission of Zimbabwe has called for the intensification of ongoing efforts to coordinate and harmonise insurance supervision frameworks in the African continent. Commissioner Dr Grace Muradzikwa said this is all the more important as the continent moves toward deeper economic integration under the African Continental Free Trade Area.
The Financial Regulatory Authority (FRA) has issued a decision regulating the work of the "Committee for the Protection of Clients and Settlement of Disputes in Insurance".
The New South Wales state government in Australia has proposed to outlaw the deceptive practice of insurance claims farming. It introduced earlier this month a new legislation in the state parliament with an aim to outlaw this practice for compulsory third party (CTP) claims.
The Financial Regulatory Authority (FRA) has issued a resolution regarding the rules and standards regulating the practice of healthcare management operations in Egypt.
China's CNY11.39tn ($1.59tn) asset-management trust market is on the verge of a structural change.
China's microfinance sector is undergoing a sharp contraction, with insurance-backed small-loan companies caught in the same squeeze.
These are the updates on insurance regulatory developments in China.
A former chairman of New China Life Insurance has been handed a death sentence with a two-year reprieve on corruption charges, according to a Reuters report that cited China's national broadcaster CCTV.
The Central Bank of the UAE (CBUAE) has issued Circular 1/2025 on the Representation Offices of Foreign Insurance Companies and Foreign Reinsurance Companies Regulation (Rep Office Regulation), according to Al Tamimi & Co.